Mid Atlantic Real Estate Journal — New Jersey — August 17 - 30, 2012 — 13B
www.marejournal.com
C entral N ew J ersey
Providing the renovation for the Hultmark Lab and office Princeton awards Pride Construction contract
14,790 s/f in Avenel, New Jersey Nai Hanson completes sale of truck terminal
P
Avenel, NJ—NAI James E. Hanson represented the seller in the sale of a 34-door truck terminal at 200 Inman Avenue in Avenel, Wood- bridge Township. NAI Hanson executive managing director Michael Walters, SIOR, and sales associate Russell Verducci represented FFE Transpor- tation Services in the sale of the 14,790 s/f terminal, which is situated in Middle- sex County near several ports. The buyer was Gold Coast Freightways. The property, which is
zoned as M-1 Light Indus- trial, has 775 feet of frontage on Inman Avenue, as well as approximately 800 feet in the rear along the Perth Amboy and Woodbridge Railroad, which is part of New Jersey Transit’s North Jersey Coast Line that runs to New York’s Penn Station. “The buyer was looking to relocate to a more logisti- cally convenient site,” Wal- ters said. “This industrial pocket near Routes 1 and 9, as well as I-95, is one of the most idea locations in New Jersey.” n
rinceton, NJ — PRIDE Construction Services will be provid-
PRIDE Construction Services in October 2011. Together these prestigious companies offer comprehensive property management and contracting services. Charlie Looman, president of PRIDE Construction Ser- vices, complements this affili- ation with more than 27 years of Construction Management experience. Looman’s exper- tise ranges from the design, pre-construction and site work phases, through the Construc- tion, QualityAssurance, Bond Release, HOA Transition and Customer Service processes.
PRIDE Construction Ser- vices successfully performs virtually all types of construc- tion projects from painting to paving. RCPManagement Company is distinguished as IREMNew Jersey Chapter #1’s Accredit- ed Management Organization (AMO) of the Year, 2011. They are also anAccreditedAssocia- tion Management Company (AAMC), specializing in the management of community associations. There are only four property management firms in New Jersey that hold both designations. n
ing the reno- vation for the P r i n c e t o n University’s H u l t m a r k Lab and of- f i c e . T h e renovat i on project is ex- pected to be completed by
Mary Faith Nugiel
the end of November, 2012. Owners Joseph “Charlie” Looman and Mary Faith Nu- giel are especially excited about this project as the first contract awarded to PRIDE Construction Services by Princeton University. Mary Faith Nugiel, president of RCP Management Company, announced RCPManagement Company’s affiliation with Advance Realty acquires Windsor Hights Shopping Ctr. EAST WINDSOR, NJ — A joint-venture partnership of Advance Realty and Struc- ture Tone Equities announced that it has taken ownership of Windsor Hights Shopping Center, a 132,733 s/f, neigh- borhood retail site in East Windsor. Located at 440 Route 130 South and situated on a corner of Route 130 and Hightstown Road, Windsor Hights Shop- ping Center features two pad sites that are currently occupied by PNC Bank and Taco Bell. The center is cur- rently 40-percent occupied with approximately 92,000 square feet of space available for lease. Christopher Bellapianta represented the JV partner- ship in the transaction. Bel- lapianta serves as director of finance and acquisitions for Advance Realty, which is a Northeast U.S. owner and developer of class A of- fice, mixed-use and flex-space properties. “We see this as a strategic, value-add investment opportu- nity,” stated Peter Cocoziello, president and CEO ofAdvance Realty. “This transaction af- fords us a unique opportunity to re-tenant and reposition the property, which is known for providing retailers with excel- lent visibility in a vibrant and dynamic submarket.” n
2011 Leasing Totals: 99.8% Occupied 3,647,365 SF Leased Heller Industrial Parks
Leasing for less in Central Jersey. n Huge Foreign Trade Zone n Energy Efficient Warehouse Lighting n 60% Lighting Bill Reduction n 20% Solar Energy Electric Rebates n Subsidized Daycare
(732) 287-4880
205 Mill Road, Edison NJ 08837
www.hellerpark.com
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